Investors have voiced their concerns about the company not living up to its earlier agreement or breaking the law. I’ll explain all of this in just a moment. ..
Complaints
An investor who prefers anonymity has been experiencing a lot of problems with her life shares account. She has been getting demands for premiums and account maintenance fees, even though she hasn’t received any maturity on her accounts.
A company that fails to pay its credit insurance premiums can be in violation of state law. This can lead to financial penalties and/or legal action.
The client claimed to have bought two cars from a certain company. The purchased cars were funded by the Reliant life shares company. This company required that he made a credit insurance payment, notwithstanding the earlier cost of the vehicle. The client claims that he made a payment of over $2,000 in credit insurance. Eventually, he was supposed to get this money back; unfortunately, the administrator in charge of the insurance company bluntly denied him his right.
The administrator tried to justify his action by stating that separate insurance companies were involved in the case. ..
How to address Reliant Life Shares Complaints?
Reliance Life Shares is not an insurance company. It’s a company that only manages your investment.
Steps
Dear __________, I am writing to request that you provide me with a response to my complaint about the death benefits of your company. I am a customer of ___________ and I have had several complaints about the death benefits provided by your company. I would be very grateful if you could provide me with a response to my complaint as soon as possible. Thank you for your time,
Don’t pay: A guide to avoiding debt and getting out of financial trouble
Reliant Lifeshares is a leading provider of quality life insurance products. They offer a variety of policies to fit your needs and budget. Their customer service is top-notch, and they always work to ensure you have the best possible experience.
Investors who have taken advantage of the life share option are generally satisfied with the process. Complaints about the life share option should be addressed in order to create a positive experience for all investors. ..
The minimum allowed investment for the new 529 plan is $25,000, which can be funded through cash or retirement accounts. ..
This is doubtful because the investment is not an alternative asset; as such, most CPAs, bankers, and retail stock brokers are not conversant with institutional life settlements.
The company’s main source of income is from investors and their total costs in a policy. The company charges no fees.
